SNC-Lavalin claims seizure before judgment against one former employee

Jul 11, 2013, 20:24 ET from SNC-Lavalin

MONTREAL, July 11, 2013 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has filed a motion for damages against its former Executive Vice-President, Riadh Ben Aissa, a former consultant, Cynthia Vanier and her  company, Vanier Consulting Ltd.

The motion filed by SNC-Lavalin against Ben Aissa, Vanier and Vanier Consulting Ltd., allege that these parties conspired with SNC-Lavalin's former Vice-President, Stephane Roy, to commit illegal acts for funds belonging to SNC-Lavalin Inc. were diverted and used without permission. Among other evidence to support this claim, the company has alleged emails exchanged between Vanier, Roy and Ben Aissa during 2011.

The court granted the company's request for a seizure before judgment of Riadh Ben Aissa's shares in SNC-Lavalin Inc. currently held by the Computershare Trust Company of Canada. The company is seeking that these shares be used to satisfy a portion of the damages incurred. The company is also seeking further damages from Ben Aissa, Vanier and her consulting company. A separate claim was previously made against Stephane Roy in April 2013.

SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently active in some 100 countries.